Finance

Firm Offer is a definite offer to buy something at a fixed price. It is a kind of proposal, which is sure to hold firm…

Face Value The value as appeared on the face of the security is called face value. It is the value printed or depicted on a…

Ex-Warehouse The term is used in the price quotation of goods. The meaning of ‘ex-warehouse’ is out of or in front of the warehouse and…

Excise Duty is a tax that is designed to discourage the purchase of particular goods. It is an inland tax imposed on those products, ‘…

Exchange Control This is a system in which all the foreign currencies earned on account of exports or services rendered to foreigners are credited to…

Entrepot Trade means importing goods from a foreign country with the purpose/motive of exporting them to another country at a higher price. It is a…

An endorsement is an act of authorizing another person to receive payment of a negotiable instrument. It is the action of endorsing someone or something.…

An embargo is an order of a government prohibiting the departure of commercial ships from its ports. It refers to an order issued by a…

Dunning Letter is a notice sent to a customer requesting payment of their past due obligations. It refers to the letter that is written by…

Drawee in Case of Need The maker of a bill of exchange or cheque is called the “drawer”; the person thereby directed to pay is…

Dormant Partner is one who is a participant in the profits of a firm, but his name is concealed, his interest is not apparent. The…

Documentary Bill A bill with which shipping documents like a bill of lading, an insurance policy, invoice, etc. are enclosed is known as a ‘documentary…